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alekssr [168]
3 years ago
8

(Ignore income taxes in this problem.) If you wanted to withdraw $12,000 from a bank account at the end of each of the next 20 y

ears, approximately how much would you have to invest in the account today assuming a 6% interest rate
Business
1 answer:
prisoha [69]3 years ago
4 0

Answer:

The money should be invested in bank = $137,639.05

Explanation:

Given  annually withdrawal money (annuity ) = $12000

Number of years (n ) = 20 years

Interest rate  = 6 percent.

Since a person withdraw money annually for next 20 years with 6 percent interest rate. Now we have to calculate the amount that have been invested in the account today. So below is the calculation for invested money.  

\text{Present value of annuity} = \frac{Annuity [1-(1 + r)^{-n}]}{rate} \\= \frac{12000 [1-(1 + 0.06)^{-20}]}{0.06} \\=12000 \times 11.46992122 \\=137,639.05

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All of the following are tactics that stores use to encourage you to make impulse choices EXCEPT ..
Bas_tet [7]

Answer:

The answer is B

Explanation:

A store wouldnt make a prodjuct cost more to promote the impulse buy.

<em>Consider giving this answer brainliest :)</em>

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7 0
2 years ago
Read 2 more answers
A company is trying to decide which product to manufacture. The following information is available: Costs Product A Product B Di
Art [367]

Answer:

Direct Labor

Explanation:

Direct labor cost is irrelevant to decide product A or product B because it is indifferent for both the product. direct labor cost will remain same in both the options.While Direct material 1,2 and 3 are different in both the option.

7 0
3 years ago
QUESTION 20 Zhang Industries sells a product for $700. Unit sales for May were 400 and each month's sales are expected to exceed
Assoli18 [71]

Answer:

<u>$8,768</u>

Explanation:

<em>Sales for June will be</em> = $700 x 400 + $700 x 400 x 0.03 =

                                    =280000 + 8400 = $288400

<em>Projected selling expense</em> = $3000 + $288400 * 0.02 = $3000 + $5768

                                                                                          = <em><u>$8768</u></em>

6 0
2 years ago
If a company has the following: A company that was to be liquidated had the following liabilities: Income Taxes $ 10,000 Notes P
Cerrena [4.2K]

Answer:

46850 is the correct answer

Explanation:

Employee salaries are limited to $12.850 per employee.

Total liabilities with priority = Income Taxes +Salaries Payable+Administrative expenses for liquidation

=10.000+12.850+4.000+20.000= 46.850

7 0
2 years ago
Brief Exercise 4-08 In 2020, Kingbird Corporation reported net income of $1,171,600. It declared and paid preferred stock divide
Verizon [17]

Answer:

$4.33 per share

Explanation:

Given that,

Net income = $1,171,600

Preferred stock dividends paid = $265,400

weighted average of common shares outstanding = 209,100

Therefore,

Earnings per share:

= (Net income - Preferred stock dividends paid) ÷ weighted average of common shares o/s

= ($1,171,600 - $265,400) ÷ 209,100

= $906,200 ÷ 209,100

= $4.33 per share

Hence, the Kingbird 2020 earnings per share is $4.33.

3 0
3 years ago
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